I entered gold too early before and got out in a minor loss. After re-analysing this looks to be a safer entry with more confluences.
Price is taking its 3rd bounce off the mini TL and also creating a new HL at the 0.618/0.786 Fibonacci retracement.
My SL being under the 0.886 fib in case of a spike down and my TP just short of the -0.618 fib extension. R:R = 4.15
Price is taking its 3rd bounce off the mini TL and also creating a new HL at the 0.618/0.786 Fibonacci retracement.
My SL being under the 0.886 fib in case of a spike down and my TP just short of the -0.618 fib extension. R:R = 4.15